Blaming a depressed financial terminal market, Oki Electric Industry Co says it will reduce the amount of its capital investment by 10% for the current financial year: capital spending will be cut across the board, with the exception of the semiconductor division; Oki also fears that the 1993 fiscal year from April, will see the lower level of economic activity continue, so the company plans on a lower rate of investment for that year too; at the start of the current year, Oki had forecast a 5% growth rate in capital investment to around $614m, but the revised plan prvides for a level 6% lower than last year; Oki is participating in the 4M-bit dynamic RAM race among Japanese makers, but is said to be postponing further investment.
